LendingCrowd, Scotland’s only fintech lending platform, has today announced that it is the latest leading marketplace to partner with Brismo to provide sophisticated and independently verified performance metrics for investors.
Brismo is a London-based provider of lending performance data that uses detailed loan information to analyse and verify returns, allowing investors to perform like-for-like analysis. This new level of detail will enable investors to review the performance of the LendingCrowd loan book alongside other fintech lending platforms, and to compare risk and return characteristics across multiple geographies and asset types.
Commenting on the partnership, Mike Allan, Director of Operations, LendingCrowd, said: “We are proud of our track record and believe in enabling transparency so that investors can compare performance across the lending sector. LendingCrowd has made great strides in scaling the business while remaining committed to robust credit processes and responsible lending.”
Rupert Taylor, founder and CEO of Brismo, added: “We are delighted that LendingCrowd is the latest leading platform to join Brismo and we look forward to helping illustrate the company’s impressive track record to investors. LendingCrowd is scaling its operations and diversifying its funding base at an impressive rate, so we are confident that this new partnership is a win-win for all parties.”
Brismo’s platform provides detailed loan book analysis, including loan origination figures, risk bands of borrowers, term and interest rate of outstanding principle and independently verified data on the arrears and default rate. Brismo data on LendingCrowd can be segmented and downloaded easily by investors.
For more information about Brismo and its returns data, visit brismo.com/market-data
Founded in 2014 and based in Edinburgh, LendingCrowd matches investors looking for a greater return with small businesses seeking finance to grow. LendingCrowd has facilitated over 700 loans to SMEs across the UK, totalling more than £60 million (with over £14.3 million loaned in Scotland). The company was one of the first fintech lenders to receive full FCA authorisation in 2016 and launched its first Innovative Finance ISA in 2017. To date, more than 7,300 investors have signed up to the platform. LendingCrowd is backed by Scottish angel syndicate Equity Gap, the Scottish Investment Bank (the investment arm of Scottish Enterprise) and a number of prominent investors from Scotland’s finance and entrepreneurial scene. LendingCrowd is regulated by the Financial Conduct Authority.
Brismo is the market-leading provider of standardised loan performance data, delivering like-for-like comparability, improved market efficiency, and the only performance benchmarks in the industry. The company works with market-leading facilitators of a wide range of loan assets – from SME and consumer through to real estate and receivables – across all major geographies. We cover over 60% of UK and European marketplace lending and over 40% of US marketplace lending. We bring efficiency to the market in loans by enabling loan facilitators to create credible performance metrics and investors to deploy capital more productively and cost effectively.